TBS Report
29 December, 2022, 05:25 pm
Last modified: 29 December, 2022, 05:39 pm
People dine on Ta Hien Street in Hanoi, Vietnam.Photographer: Maika Elan/Bloomberg
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People dine on Ta Hien Street in Hanoi, Vietnam.Photographer: Maika Elan/Bloomberg
The economy of Vietnam grew at the fastest pace in Asia in 2022, with an 8.02% growth recorded, according to a Bloomberg report.
The gross domestic product growth rate was faster than the government’s initial target of 6%-6.5% growth and was aided by a quicker-than-expected 5.92% expansion in the final quarter.
The industrial and construction sectors grew 7.78% in 2022, while the services sector expanded 9.99% and the agricultural sector grew 3.36%, Reuters reported, citing the General Statistics Office (GSO) report.
Exports in 2022 were up 10.6% to $371.85 billion, while retail sales rose 19.8%, the GSO said,…
